Moving home is an opportunity to start again. New places to discover. New memories to make. But there's also plenty to sort out before you move: packing boxes, telling everyone your new address, and of course, taking care of the mortgage.
A new home with new possibilities
Want to start afresh in a new home? Don't waste hours searching for a mortgage. We'll help make things simple by assessing your options and finding great offers for you to choose from.
Ready to move home?
Generally, you have two options when you move home. Sometimes, your provider will let you 'port' your mortgage - that's taking your current mortgage with you. If you don't want to port your mortgage, or if you're unable to, you can apply for a new one with an alternative provider.
Trulife makes moving home simple. We'll talk you through the process of amending your mortgage and help you compare the best options available to you. That way, you'll have more time to focus on the move itself. Now, where did that packing tape go?
What should I keep in mind?
If you’d like to port your mortgage, you’ll need to get in touch with your current mortgage provider.
If the value of your new home is higher than your current one, you may need to reapply for a new mortgage, even if you plan to stick with your provider. That means you might not able to keep the same repayment terms.
Alternatively, some providers allow you to port your existing mortgage and take out another with them to cover the rise in house value. In some cases, that might work best for you, but you can also consider sourcing a new mortgage provider.
If you’re going with a new mortgage provider, it's a good idea to shop around. You can consider whether you'd like a variable or fixed-rate mortgage and find providers offering lower exit or early repayment fees.
If you're moving to a new-build home, there are a few extra factors to be aware of. Learn more about applying for a new build mortgage.
You'll need to consider:
- Whether to port your mortgage or change providers
- Finding a provider that offers attractive conditions like longer fixed-rate terms or low exit fees.
How can Trulife help?
Trulife specialist advisers know everything there is to know about mortgages. We'll help you assess your requirements so that you can be confident in the choices available to you. We work closely with select mortgage providers, so we can often let you know about great deals that aren't available anywhere else.
We’ll offer guidance on:
Applying for a mortgage
Comparing deals
Any questions you have about moving home
What next?
If you’re thinking of moving home, talk to Trulife. We’ll quickly connect you with a member of the Trulife team and find a mortgage that’s perfectly suited to you.